Belarus' central bank set to keep inflation under 6% in 2018

MINSK, 25 April (BelTA) – The National Bank of the Republic of Belarus (NBRB) is taking the necessary measures to maintain the inflation rate not above 6% in 2018, Deputy Chairman of the NBRB Board Dmitry Kalechits noted at the Digital Banking conference on 25 April, BelTA informs.

“We have set the target and we are now taking all the necessary measures to reach it. We are working in close contact with government bodies and the Antimonopoly Regulation and Trade Ministry. This is our shared mandate with the government and one of the goals of our economic policy,” Dmitry Kalechits said.

The NBRB has not mapped out any tough measures to control inflation. “There are some key avenues of the monetary policy. We have set a whole range of necessary targets with regards to money supply, interest rates, and macroeconomic indicators. We have been working within this framework,” the executive added.

The recently signed agreement between the NBRB and the Antimonopoly Regulation and Trade Ministry is mainly about networking, Dmitry Kalechits clarified. The deal is meant to help the NBRB obtain more information to plan its actions related with the monetary policy.